June 29, 2021: Krispy Kreme And Sweetgreen Launching IPOs

Get aboard the IPO train!

Krispy Kreme and Sweetgreen are going public as they’ve announced their IPO plans recently. With valuations in the billions, both companies are primed to do big things in the near future and potentially even become one of the new, big faces of fast food in the United States.

Join restaurateur Philip Camino and chef Nyesha Arrington as they take a look at Sweetgreen and Krispy Kreme’s IPO plans, what both companies could be looking to do by going public, and the hurdles they’ll have to face afterward.

Listen to Philip and Nyesha discuss restaurant IPOs:

Krispy Kreme went public once before, back in 2000

JAB Holding bought Krispy Kreme for $1.35 billion in 2016 and made the company private

Krispy Kreme’s revenue increased by 17% to $1.12 billion in the 2020 fiscal year, nearly matching their 19% average increase in revenue since 2016

Krispy Kreme has reported net losses over the last 3 years due to investing revenue back into the business

The company currently has $1.2 billion in debt

Krispy Kreme filed documents for a $100 million IPO back in May but is now hoping to raise anywhere between $560 million - $640 million

With shares expected to sell for $21-$24, there’s an implied valuation of $3.46 billion - $3.96 billion

Sweetgreen officially announced its IPO plans recently

After raising $156 million in January, Sweetgreen’s valuation is at $1.78 billion

Sweetgreen recently underwent a brand redesign, changing logos and designing a new app

Links:

Happy Mouth Podcast Instagram

Restaurant Business - Dutch Bros Coffee says it is going public

CNBC - Krispy Kreme looks to raise as much as $640 million through IPO

Restaurant Business - Sweetgreen says it is going public

Restaurant Business - Krispy Kreme files its $100M IPO

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